4 ms·
Yes, but in my experience it's just talk. What they actually mean by "team" is have the founders previously founded a successful startup, or been involved in o
by comstock 9y ago
Yes, but in my experience it's just talk.
What they actually mean by "team" is have the founders previously founded a successful startup, or been involved in one. That's it.
I'd love to hear other opinions, but that's my experience talking to VCs. They rarely ask detailed team questions, or get to know the team. They ask tech and market questions mostly...
- jonnathanson 9y agoTeam is basically code for what I will call the Three P's: pedigree, pattern, and proof. * Pedigree: Do you have a track record in this domain? Have you been involved in success stories before? If nothing else, do you check the requisite Stanford/Google/Facebook/Apple boxes? * Pattern: Does this team more or less resemble successful teams the VC has seen before? * Proof: Who is vouching for this team? Who else is interested in this deal?
- uninterested 9y agoBut... what about diversity? I mean, inclusion?